1
00:00:02,440 --> 00:00:06,800
Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

2
00:00:10,680 --> 00:00:13,920
Speaker 2: This is the Bloomberg Daybreak Europe podcast, available every morning

3
00:00:13,960 --> 00:00:17,479
Speaker 2: on Apple, Spotify or wherever you listen. It's Monday, the

4
00:00:17,600 --> 00:00:21,160
Speaker 2: nineteenth of August in London. I'm Stephen Carroll. Coming up today.

5
00:00:21,720 --> 00:00:26,280
Speaker 2: Ukraine's President Zelenski reveals the reason behind his force's surprise

6
00:00:26,440 --> 00:00:30,880
Speaker 2: incursion into Russia. Britain's property buyers returned to the market

7
00:00:30,920 --> 00:00:34,520
Speaker 2: after an early August rate cut, plus just weeks after

8
00:00:34,680 --> 00:00:37,720
Speaker 2: entering the race for the White House, Kamalaharas prepares to

9
00:00:37,840 --> 00:00:42,120
Speaker 2: formally accept the Democratic nomination for president. Let's start with

10
00:00:42,120 --> 00:00:45,360
Speaker 2: a roundup of our top stories. President Zelenski says the

11
00:00:45,360 --> 00:00:48,839
Speaker 2: aim of Ukraine's incursion into Russian territory is to create

12
00:00:48,920 --> 00:00:52,479
Speaker 2: a buffer zone between the two countries. His comments came

13
00:00:52,520 --> 00:00:55,920
Speaker 2: as Kiev expanded its operation over the weekend, destroying two

14
00:00:56,080 --> 00:00:59,280
Speaker 2: key bridges in the Kursk area and disrupting some of

15
00:00:59,360 --> 00:01:03,480
Speaker 2: Moscow's Mai supply routs. During his nightly address, Lenski praised

16
00:01:03,520 --> 00:01:06,080
Speaker 2: the efforts and also made a direct appeal to the

17
00:01:06,200 --> 00:01:10,280
Speaker 2: uk US and France Bova.

18
00:01:10,880 --> 00:01:14,080
Speaker 3: In every direction, our troops are doing an outstanding job. However,

19
00:01:14,120 --> 00:01:16,759
Speaker 3: when it comes to supplies from our partners. We need

20
00:01:16,800 --> 00:01:19,240
Speaker 3: things to speed up. There are no holidays in the war.

21
00:01:19,520 --> 00:01:22,440
Speaker 3: We need decisions. We need timely logistics for the promised

22
00:01:22,440 --> 00:01:23,200
Speaker 3: aid packages.

23
00:01:23,520 --> 00:01:26,160
Speaker 2: As Zelensky and Kiev seek to press their advantage, the

24
00:01:26,240 --> 00:01:29,520
Speaker 2: International Atomic Energy Agency is warning that safety at the

25
00:01:29,600 --> 00:01:34,199
Speaker 2: Zaparisian Nuclear power plant is deteriorating. On Saturday, a drone

26
00:01:34,200 --> 00:01:37,880
Speaker 2: exploded just outside the site's protected area, which has been

27
00:01:37,880 --> 00:01:41,399
Speaker 2: occupied by Russian soldiers since the early stages of the war.

28
00:01:42,240 --> 00:01:44,679
Speaker 2: The UK jobs market is now the most competitive for

29
00:01:44,840 --> 00:01:48,680
Speaker 2: hiring since the COVID nineteen lockdowns and lockdowns ended in

30
00:01:48,720 --> 00:01:52,280
Speaker 2: twenty twenty one. Data from the employment site ad Zunas

31
00:01:52,480 --> 00:01:54,640
Speaker 2: shows the number of jobs on offer was up one

32
00:01:54,680 --> 00:01:58,520
Speaker 2: point one percent in July, the highest and over three years.

33
00:01:58,920 --> 00:02:01,440
Speaker 2: That's the first incre this year and comes as the

34
00:02:01,520 --> 00:02:04,240
Speaker 2: number of people looking for jobs is also on the rise.

35
00:02:04,600 --> 00:02:08,280
Speaker 2: The report adds to optimism around Britain's economy after official

36
00:02:08,280 --> 00:02:12,120
Speaker 2: figures last week saw the unemployment rate unexpectedly dropped to

37
00:02:12,240 --> 00:02:16,560
Speaker 2: four point two percent. Prospective UK home buyers are stepping

38
00:02:16,600 --> 00:02:18,240
Speaker 2: up their searches in the wake of the Bank of

39
00:02:18,280 --> 00:02:21,480
Speaker 2: England's first rate cut that's according to the online property

40
00:02:21,520 --> 00:02:24,720
Speaker 2: portal right Move. Bloomberg's Tiwa Adabaio has the details.

41
00:02:25,040 --> 00:02:28,320
Speaker 4: Confidence in a stronger autumn for the British housing market

42
00:02:28,440 --> 00:02:32,160
Speaker 4: is building. That's after the country's first reduction in interest

43
00:02:32,240 --> 00:02:35,400
Speaker 4: rates since the start of the pandemic earlier this month.

44
00:02:36,200 --> 00:02:39,160
Speaker 4: Right Move says the prospect of lower mortgage costs has

45
00:02:39,200 --> 00:02:43,160
Speaker 4: been enough to prompt nineteen percent more buyers to contact

46
00:02:43,320 --> 00:02:47,720
Speaker 4: state agents since the cut. The platform also expects seller

47
00:02:47,840 --> 00:02:52,600
Speaker 4: asking prices to rise slightly following patchy recovery in twenty

48
00:02:52,680 --> 00:02:55,760
Speaker 4: twenty four. The Bank of England's policy pivot might just

49
00:02:55,960 --> 00:02:58,880
Speaker 4: be what home buyers need to kick off the strongest

50
00:02:58,919 --> 00:03:01,720
Speaker 4: second half of the year in London to you what

51
00:03:01,760 --> 00:03:03,240
Speaker 4: added by a Bloomberg Radio.

52
00:03:03,639 --> 00:03:05,920
Speaker 2: In the United States, the Federal Reserve is approaching a

53
00:03:05,960 --> 00:03:09,960
Speaker 2: crucial pivot point. Markets will be looking for confirmation policymakers

54
00:03:10,040 --> 00:03:13,200
Speaker 2: will lower rates in September when Jerome Powell speaks at

55
00:03:13,200 --> 00:03:16,040
Speaker 2: the Central Banks gathering in Jackson, holl Later this week,

56
00:03:16,680 --> 00:03:20,320
Speaker 2: Goldin Sachs chief economist Jan Hatzias says recent economic data

57
00:03:20,400 --> 00:03:21,359
Speaker 2: has been positive.

58
00:03:22,320 --> 00:03:26,160
Speaker 5: The information we've gotten this week has been very encouraging

59
00:03:26,639 --> 00:03:31,080
Speaker 5: on the growth side, mostly good news, another drop in

60
00:03:31,560 --> 00:03:36,720
Speaker 5: jobless claims and clearly stronger than expected retail sales number

61
00:03:36,760 --> 00:03:38,080
Speaker 5: that was very reassuring.

62
00:03:38,520 --> 00:03:41,440
Speaker 2: Goldbin, Saxey and Hatzia speaking there, his team of economists

63
00:03:41,440 --> 00:03:44,280
Speaker 2: lowered the probability of a US recession from twenty five

64
00:03:44,360 --> 00:03:47,800
Speaker 2: percent to twenty percent after last week's retail sales and

65
00:03:47,840 --> 00:03:51,760
Speaker 2: jobless claims data showed resilience in the US economy. In

66
00:03:51,800 --> 00:03:55,040
Speaker 2: the US election campaign, Democrats are set to annoint Kamala

67
00:03:55,120 --> 00:03:58,080
Speaker 2: Harris as their nominee in the national convention, which begins

68
00:03:58,120 --> 00:04:01,600
Speaker 2: today in Chicago. The latest poll maybe senes in the

69
00:04:01,680 --> 00:04:05,520
Speaker 2: Washington Post shows the vice president now four points ahead

70
00:04:05,520 --> 00:04:08,560
Speaker 2: of Donald Trump. Harris says she's a different kind of

71
00:04:08,640 --> 00:04:10,200
Speaker 2: leader to the Republican nominee.

72
00:04:10,760 --> 00:04:14,320
Speaker 6: There's been this kind of perversion that has taken place,

73
00:04:14,360 --> 00:04:17,880
Speaker 6: I think, which is to suggest, which is to suggest

74
00:04:18,400 --> 00:04:20,719
Speaker 6: that the measure of the strength of a leader is

75
00:04:20,720 --> 00:04:23,719
Speaker 6: based on who you beat down, when what we know

76
00:04:24,800 --> 00:04:27,560
Speaker 6: is the real and true measure of the strength of

77
00:04:27,560 --> 00:04:28,520
Speaker 6: a leader is.

78
00:04:28,480 --> 00:04:29,800
Speaker 4: Based on who you lift up.

79
00:04:32,920 --> 00:04:35,000
Speaker 2: Kamala Harris there at a campaign speech in the key

80
00:04:35,040 --> 00:04:38,760
Speaker 2: swing state of Pennsylvania over the weekend, Donald Trump is

81
00:04:38,760 --> 00:04:41,599
Speaker 2: planning a blitz of rallies and press events to try

82
00:04:41,600 --> 00:04:44,880
Speaker 2: to upstage the Democrats. Publican allies have verged the former

83
00:04:44,920 --> 00:04:47,719
Speaker 2: president to focus on issues like the economy, but so

84
00:04:47,839 --> 00:04:52,320
Speaker 2: far he has resorted to insulting his opponent. Israel and

85
00:04:52,400 --> 00:04:54,800
Speaker 2: Hamas are blaming each other for holding up a cease

86
00:04:54,839 --> 00:04:58,080
Speaker 2: fire and hostage deal. Fresh objections from both sides are

87
00:04:58,120 --> 00:05:00,560
Speaker 2: blocking the talks, which diplomats they are also to an

88
00:05:00,600 --> 00:05:03,479
Speaker 2: agreement than they have been for months. Israel's Prime Minister

89
00:05:03,520 --> 00:05:07,080
Speaker 2: Benjamin Nettanie, who says some principles need to be upheld

90
00:05:07,279 --> 00:05:08,719
Speaker 2: for the country's security.

91
00:05:10,480 --> 00:05:13,520
Speaker 7: I want to emphasize that we are conducting negotiations and

92
00:05:13,640 --> 00:05:16,479
Speaker 7: not that we just give and give. There are things

93
00:05:16,520 --> 00:05:18,680
Speaker 7: we can be flexible on and are things we cannot

94
00:05:18,680 --> 00:05:21,560
Speaker 7: be flexible on which we will insist on. We know

95
00:05:21,600 --> 00:05:23,400
Speaker 7: how to distinguish between the two very.

96
00:05:23,200 --> 00:05:29,240
Speaker 2: Wellnike Benjaminettaniew who they're speaking via translator. Hamas released a

97
00:05:29,279 --> 00:05:32,760
Speaker 2: statement shortly after talks paused on Sunday, saying Israel had

98
00:05:32,800 --> 00:05:37,000
Speaker 2: added new demands which would prevent a deal. We held Netanya,

99
00:05:37,080 --> 00:05:40,240
Speaker 2: who fully responsible. The statement read, well, in a moment,

100
00:05:40,440 --> 00:05:44,280
Speaker 2: we will bring you more on the Russia Ukraine War,

101
00:05:44,320 --> 00:05:46,280
Speaker 2: the latest there over the weekend, plus look ahead to

102
00:05:46,320 --> 00:05:49,640
Speaker 2: the Democratic National Convention in the US. But another story

103
00:05:49,640 --> 00:05:52,719
Speaker 2: that caught our eye this morning from Bloomberg Opinions Tyler

104
00:05:52,760 --> 00:05:57,159
Speaker 2: Cohen looking at the difficulty of measuring the success of

105
00:05:57,400 --> 00:06:00,400
Speaker 2: individuals as we're all working in bigger team, helped of

106
00:06:00,440 --> 00:06:03,479
Speaker 2: course by technology as well. His question is, if something

107
00:06:03,520 --> 00:06:06,080
Speaker 2: does well, it's often not clear who should get the

108
00:06:06,120 --> 00:06:09,200
Speaker 2: credit because so many people have been involved in creating it.

109
00:06:09,240 --> 00:06:11,839
Speaker 2: And he looks this through the frame of academic papers

110
00:06:11,880 --> 00:06:14,520
Speaker 2: and how it's becoming more common to publish now with

111
00:06:14,720 --> 00:06:17,880
Speaker 2: several co authors. So in that situation, how can you

112
00:06:17,920 --> 00:06:20,080
Speaker 2: tell who did the most work or the best work?

113
00:06:20,320 --> 00:06:23,520
Speaker 2: And how can you ascribe any success of the ideas

114
00:06:23,640 --> 00:06:26,320
Speaker 2: to an individual? He said, It's a dilemma that will

115
00:06:26,640 --> 00:06:30,279
Speaker 2: could be exacerbated by AI. So if your work feeds

116
00:06:30,360 --> 00:06:33,520
Speaker 2: a large language model, it's arguably even more valuable. But

117
00:06:33,560 --> 00:06:36,000
Speaker 2: then who gets the credit for that the piece? Are

118
00:06:36,040 --> 00:06:38,400
Speaker 2: you a good employee? Let's check with the team. By

119
00:06:38,600 --> 00:06:42,200
Speaker 2: Tyler Cohen is at Bloomberg dot com. Forward Slash Opinion.

120
00:06:42,440 --> 00:06:46,080
Speaker 2: Let's bring you more now on Ukraine's incursion into Russia.

121
00:06:46,120 --> 00:06:48,600
Speaker 2: The Ukrainian president now says the goal is to create

122
00:06:48,640 --> 00:06:52,480
Speaker 2: a buffer zone to prevent further attacks by Moscow. Boom Brooks.

123
00:06:52,520 --> 00:06:55,040
Speaker 2: Tony Helpin leads our team covering economics and government in

124
00:06:55,080 --> 00:06:57,280
Speaker 2: Russia and he joins us Now, Tony, great to have

125
00:06:57,320 --> 00:06:59,920
Speaker 2: you on the program. What is the latest we know about, First,

126
00:07:00,400 --> 00:07:03,520
Speaker 2: what's happening in the Curs region of Russia where Ukrainian

127
00:07:03,520 --> 00:07:06,159
Speaker 2: forces began that incursion almost two weeks ago.

128
00:07:06,640 --> 00:07:07,280
Speaker 5: Yes, good points.

129
00:07:07,320 --> 00:07:11,400
Speaker 8: Soon as you've mentioned the Russia, Ukrainian forces have said

130
00:07:11,440 --> 00:07:15,480
Speaker 8: that they've struck to rather significant bridges in a part

131
00:07:15,480 --> 00:07:20,320
Speaker 8: of the Curs region that crosses a river that approaches

132
00:07:20,400 --> 00:07:23,360
Speaker 8: the Ukrainian border. And that's significant because it will probably

133
00:07:23,520 --> 00:07:25,640
Speaker 8: make it very difficult for Russian forces that are still

134
00:07:25,680 --> 00:07:29,600
Speaker 8: there to resupply themselves. So that's evidence that Ukrainian troops

135
00:07:29,600 --> 00:07:37,240
Speaker 8: are still expanding their incursion into Russian territory. Beyond that,

136
00:07:37,360 --> 00:07:41,520
Speaker 8: Russia is still insisting that it's repelling the incursion, but

137
00:07:42,240 --> 00:07:44,200
Speaker 8: events on the ground seem to contradict them.

138
00:07:44,480 --> 00:07:47,760
Speaker 2: So President Zelenski spoke on Sunday for the first time

139
00:07:47,800 --> 00:07:51,920
Speaker 2: about what the broader of this incursion is. What did

140
00:07:51,920 --> 00:07:52,840
Speaker 2: we learn from him.

141
00:07:53,240 --> 00:07:56,760
Speaker 8: Yes, he said that they want to establish a buffer

142
00:07:56,840 --> 00:08:01,200
Speaker 8: zone to protect Ukrainian communities over the border, just inside Ukraine,

143
00:08:01,560 --> 00:08:08,080
Speaker 8: and as he put it, to continue maximizing counter offensive actions. Partly,

144
00:08:08,120 --> 00:08:11,480
Speaker 8: that's a consequence of Ukraine being more confident of the

145
00:08:11,520 --> 00:08:14,800
Speaker 8: supply of new weaponry that is receiving from US and

146
00:08:14,840 --> 00:08:17,360
Speaker 8: European allies. There was a long period earlier this year

147
00:08:17,760 --> 00:08:22,040
Speaker 8: where that was in doubt because of political wrangling within

148
00:08:22,120 --> 00:08:24,240
Speaker 8: the US and Europe, but now they seem more confident

149
00:08:24,240 --> 00:08:28,240
Speaker 8: about that and they're going on the offensive. The irony is,

150
00:08:28,280 --> 00:08:32,800
Speaker 8: of course that Russian President Vladimir Putin was calling for

151
00:08:32,840 --> 00:08:37,760
Speaker 8: a buffer zone inside northern Ukraine to protect the Russian

152
00:08:37,800 --> 00:08:43,400
Speaker 8: regions of Belgarod and Kirk from attack by Ukrainian drones,

153
00:08:43,600 --> 00:08:45,520
Speaker 8: and this seems to have boomerang back upon.

154
00:08:45,400 --> 00:08:49,680
Speaker 2: Him in terms of the response from Russia. How should

155
00:08:49,840 --> 00:08:51,920
Speaker 2: are we expecting them to play this? What sort of

156
00:08:51,920 --> 00:08:55,960
Speaker 2: response have they had so far to that encourasion by Ukraine.

157
00:08:56,320 --> 00:08:59,559
Speaker 8: Yes, well, President Putin is actually visiting Azerbaijohn He's in

158
00:08:59,640 --> 00:09:02,520
Speaker 8: Baku today and he arrived last night, so they're very

159
00:09:02,600 --> 00:09:04,880
Speaker 8: much in the Kremlin trying to present an image of

160
00:09:04,920 --> 00:09:07,559
Speaker 8: business as usual and not drawing attention to this as

161
00:09:07,840 --> 00:09:10,880
Speaker 8: any sort of crisis. If you look on state television,

162
00:09:10,880 --> 00:09:14,200
Speaker 8: they're focusing very much on things like the aid being

163
00:09:14,240 --> 00:09:17,240
Speaker 8: provided to people who fled their homes and that's already

164
00:09:17,240 --> 00:09:20,320
Speaker 8: in the hundreds of thousands now, and treating it like

165
00:09:20,400 --> 00:09:24,000
Speaker 8: some sort of natural disaster rather than a foreign military incursion.

166
00:09:24,520 --> 00:09:26,360
Speaker 8: I think part of the reason for that is because

167
00:09:26,559 --> 00:09:28,480
Speaker 8: they're desperate not to draw attention to the fact that

168
00:09:28,600 --> 00:09:30,920
Speaker 8: Ukraine apparently managed with some ease to cross into the

169
00:09:31,000 --> 00:09:33,199
Speaker 8: Russians across Russians border.

170
00:09:33,320 --> 00:09:36,320
Speaker 2: We've also had this warning tony from the International Atomic

171
00:09:36,440 --> 00:09:41,000
Speaker 2: Energy Agency about safety at the nuclear plant in Zaparijia,

172
00:09:41,080 --> 00:09:44,480
Speaker 2: an area occupied by Russian forces. How serious is that

173
00:09:44,520 --> 00:09:45,440
Speaker 2: situation now?

174
00:09:45,920 --> 00:09:49,000
Speaker 8: Yes, this is Europe's biggest nuclear power plant, so it's

175
00:09:49,000 --> 00:09:51,679
Speaker 8: a very key installation and what goes on there is

176
00:09:51,679 --> 00:09:54,520
Speaker 8: a matter of great concern to the International Atomic Energy

177
00:09:54,559 --> 00:09:59,040
Speaker 8: Agency and it's chief issued a fresh warning about security

178
00:09:59,120 --> 00:10:02,640
Speaker 8: dangers there because there was a drone explosion close to

179
00:10:02,880 --> 00:10:06,840
Speaker 8: the last remaining major power line to the plant. And

180
00:10:06,880 --> 00:10:11,240
Speaker 8: he's calling this is IA Director General Raphael Gros is

181
00:10:11,280 --> 00:10:15,400
Speaker 8: calling for again all sides to show restraint, and he

182
00:10:15,440 --> 00:10:17,960
Speaker 8: says he's extremely concerned about what's going on there.

183
00:10:18,080 --> 00:10:19,560
Speaker 2: Tony. I wants to ask you so well about a

184
00:10:19,600 --> 00:10:23,840
Speaker 2: report in the German media over the weekend apparently that

185
00:10:23,920 --> 00:10:28,640
Speaker 2: Germany would no longer grant new requests for aid to Ukraine.

186
00:10:28,679 --> 00:10:31,880
Speaker 2: This is as part of the spending challenges being faced

187
00:10:31,880 --> 00:10:34,520
Speaker 2: by the German government. What do we know about that

188
00:10:35,800 --> 00:10:37,040
Speaker 2: report coming from Germany.

189
00:10:37,600 --> 00:10:40,240
Speaker 8: Yes, so it's important to say they're not cutting off

190
00:10:40,280 --> 00:10:44,199
Speaker 8: a What the issue seems to be about is that

191
00:10:44,240 --> 00:10:49,199
Speaker 8: their chancellor is asking for any additional applications that Ukraine

192
00:10:49,240 --> 00:10:53,880
Speaker 8: makes for military support not to be approved without further consultation.

193
00:10:54,559 --> 00:10:57,920
Speaker 8: Germany is busily making the case today and yesterday that

194
00:10:58,000 --> 00:11:02,240
Speaker 8: it provides billions of dollars of annual aid to Ukraine,

195
00:11:02,280 --> 00:11:04,720
Speaker 8: and this year is something north of seven billion dollars.

196
00:11:05,400 --> 00:11:08,280
Speaker 8: But as you say, it's a matter of budget restraints

197
00:11:08,280 --> 00:11:13,240
Speaker 8: for Germany and they're trying to ensure that they can

198
00:11:13,640 --> 00:11:15,960
Speaker 8: have predictable levels of spending on part of that is

199
00:11:16,000 --> 00:11:18,880
Speaker 8: the military support for the Ukraine. So I think it

200
00:11:18,920 --> 00:11:21,600
Speaker 8: will probably be a concern for Kiev, but it's not

201
00:11:21,640 --> 00:11:23,319
Speaker 8: an immediate risk woman, Okay.

202
00:11:23,400 --> 00:11:26,240
Speaker 2: Tony Halpin who leads our team covering academics and government

203
00:11:26,280 --> 00:11:28,280
Speaker 2: in Russia. Thank you very much for joining us with

204
00:11:28,400 --> 00:11:31,120
Speaker 2: the latest on that. Let's turn to the US election

205
00:11:31,240 --> 00:11:33,120
Speaker 2: campaign now, which kicks up a gear this week with

206
00:11:33,160 --> 00:11:36,600
Speaker 2: a Democratic National Convention taking place in Chicago. President Biden

207
00:11:36,640 --> 00:11:39,679
Speaker 2: will speak later today. Kamala Harris seeking to widen her

208
00:11:39,760 --> 00:11:42,880
Speaker 2: narrow lead over Donald Trump in the polls. Bimberg TV

209
00:11:42,920 --> 00:11:44,920
Speaker 2: anchor Pritty Goop days with us for more this morning.

210
00:11:44,960 --> 00:11:47,240
Speaker 2: Morning to you, Critty, This is a big moment for

211
00:11:47,320 --> 00:11:50,040
Speaker 2: Kamala Harris's campaign. What does she need to achieve, Well,

212
00:11:50,080 --> 00:11:50,600
Speaker 2: she needs.

213
00:11:50,400 --> 00:11:53,280
Speaker 1: To basically get a lot of the independent voters onto

214
00:11:53,320 --> 00:11:56,000
Speaker 1: her side. And this is a really important moment for

215
00:11:56,080 --> 00:11:58,840
Speaker 1: the presidential race broadly that you're seeing because this was

216
00:11:58,880 --> 00:12:01,880
Speaker 1: the very issue at the heart of President Biden's campaign

217
00:12:01,880 --> 00:12:04,440
Speaker 1: against President Trump that basically voters were looking at both

218
00:12:04,480 --> 00:12:08,200
Speaker 1: candidates saying, is there two older white gentlemen, neither of

219
00:12:08,240 --> 00:12:12,080
Speaker 1: which are appealing on economic policy, foreign policy, or even

220
00:12:12,080 --> 00:12:15,760
Speaker 1: domestic policy like immigration or abortion, for example, to the

221
00:12:15,760 --> 00:12:19,120
Speaker 1: broader electorate. This is where Kamala Harris has her advantage.

222
00:12:19,200 --> 00:12:21,000
Speaker 1: If you look at the latest polling numbers, for example,

223
00:12:21,000 --> 00:12:23,840
Speaker 1: she has a forty nine to forty five percent advantage.

224
00:12:23,960 --> 00:12:26,439
Speaker 1: This is according to a Washington Post and ABC newspole

225
00:12:26,480 --> 00:12:27,400
Speaker 1: released yesterday.

226
00:12:27,720 --> 00:12:28,800
Speaker 3: That is a pretty big deal.

227
00:12:28,880 --> 00:12:30,560
Speaker 1: Speaks to the fact that she has been able to

228
00:12:30,600 --> 00:12:33,200
Speaker 1: turn some of the independent voters over to her side.

229
00:12:33,200 --> 00:12:35,400
Speaker 1: The question, Stephen, is for how long? And that's why

230
00:12:35,400 --> 00:12:36,400
Speaker 1: this week is so important.

231
00:12:37,040 --> 00:12:40,200
Speaker 2: So of course that's a national poll you reference there,

232
00:12:40,320 --> 00:12:42,400
Speaker 2: but the swing states, of course, as we know in

233
00:12:42,440 --> 00:12:44,959
Speaker 2: the US system, all the more important. Kamala Harris and

234
00:12:45,000 --> 00:12:47,240
Speaker 2: Pennsylvania over the weekend trying to do her best to

235
00:12:47,240 --> 00:12:50,480
Speaker 2: win over voters there in those key swing state battles.

236
00:12:50,600 --> 00:12:53,640
Speaker 2: You know, what do we know about Harris's popularity going

237
00:12:53,679 --> 00:12:55,280
Speaker 2: into this kind of Markey week for her?

238
00:12:55,400 --> 00:12:58,120
Speaker 1: Well, so this is where the battleground states are kind

239
00:12:58,160 --> 00:12:59,840
Speaker 1: of changing in terms of the map. At least when

240
00:12:59,880 --> 00:13:02,440
Speaker 1: you talked about some of those swing states. Arizona, North

241
00:13:02,440 --> 00:13:05,080
Speaker 1: Carolina aren't traditional swing states that we really talk about

242
00:13:05,080 --> 00:13:08,520
Speaker 1: previous elections. This time, excuse me, they could make or

243
00:13:08,520 --> 00:13:11,280
Speaker 1: break her campaign. And this is really important because these

244
00:13:11,280 --> 00:13:13,640
Speaker 1: are two states that have seen a lot of federal spending.

245
00:13:13,679 --> 00:13:16,400
Speaker 1: So Arizona is one example that I think is is great.

246
00:13:16,400 --> 00:13:18,240
Speaker 1: We shoul remember that she was considering Mark Kelly, the

247
00:13:18,280 --> 00:13:21,160
Speaker 1: Senator out of Arizona for some time as her VP candidate,

248
00:13:21,280 --> 00:13:23,680
Speaker 1: and the reason for that is because Arizona is considered

249
00:13:23,720 --> 00:13:27,480
Speaker 1: traditionally a red state, but for this time around, you've

250
00:13:27,520 --> 00:13:30,280
Speaker 1: actually seen it be a hub to a major manufacturing

251
00:13:30,320 --> 00:13:32,640
Speaker 1: Think of the Chipsack, think of the Inflation Reduction Act,

252
00:13:32,720 --> 00:13:35,719
Speaker 1: think of Intel for example, or Micron building their kind

253
00:13:35,720 --> 00:13:39,600
Speaker 1: of local American on soil manufacturing capabilities. That's all happening

254
00:13:39,600 --> 00:13:41,679
Speaker 1: in Arizona, and so much that funding has come from

255
00:13:41,679 --> 00:13:45,439
Speaker 1: the Biden administration and therefore garnered a lot of support

256
00:13:45,520 --> 00:13:48,240
Speaker 1: in terms of jobs, in terms of economic prosperity for

257
00:13:48,520 --> 00:13:51,280
Speaker 1: Democrats broadly. And that's kind of some of the tailwinds

258
00:13:51,320 --> 00:13:53,760
Speaker 1: that she's writing. That's just one example of Arizona. North

259
00:13:53,760 --> 00:13:55,520
Speaker 1: Carolina is another one, so you're going to see her

260
00:13:55,520 --> 00:13:57,640
Speaker 1: really push for the story there as well as a

261
00:13:57,679 --> 00:14:01,040
Speaker 1: major financial center and Charlotte for examples, Piper Sandler Wells

262
00:14:01,080 --> 00:14:04,720
Speaker 1: Fargo have two major offices there. This is again important

263
00:14:04,720 --> 00:14:07,920
Speaker 1: because it's reshaping some of these battleground states that traditionally

264
00:14:07,960 --> 00:14:12,880
Speaker 1: wouldn't matter in previous elections. This time around, basically changing

265
00:14:12,920 --> 00:14:14,720
Speaker 1: the rules against Donald Trump.

266
00:14:15,280 --> 00:14:17,280
Speaker 2: Well, let's talk a bit about how Donald Trump and

267
00:14:17,320 --> 00:14:19,280
Speaker 2: the Republicans are going to play this week as well.

268
00:14:19,360 --> 00:14:22,120
Speaker 2: Obviously the focus is very much drawn to Chicago and

269
00:14:22,120 --> 00:14:25,640
Speaker 2: the DNC. But how should we expect Donald Trump to

270
00:14:25,680 --> 00:14:26,040
Speaker 2: play this?

271
00:14:26,560 --> 00:14:31,040
Speaker 1: So already he's put out some pretty headline worthy comments,

272
00:14:31,080 --> 00:14:33,440
Speaker 1: for example, talking about just over the weekend, deploying the

273
00:14:33,520 --> 00:14:38,479
Speaker 1: US military in ways for domestic issues, things like immigration,

274
00:14:38,880 --> 00:14:41,560
Speaker 1: things like domestic crime. He's talking about when there's protests

275
00:14:41,600 --> 00:14:44,600
Speaker 1: or when there's infighting, to deploy the US military on

276
00:14:44,760 --> 00:14:46,880
Speaker 1: US soil. Now, whether or not that's actually going to

277
00:14:46,920 --> 00:14:48,720
Speaker 1: happen is a completely different story. This is the first

278
00:14:48,720 --> 00:14:50,800
Speaker 1: time he's mentioned it though, And this is actually of

279
00:14:50,800 --> 00:14:53,040
Speaker 1: course coming out the heels of Kamala Harris releasing her

280
00:14:53,080 --> 00:14:57,360
Speaker 1: own economic policy of things like price gouging, etc. Now,

281
00:14:57,760 --> 00:15:01,040
Speaker 1: the criticism of some of Kamala Harris's policies is that

282
00:15:01,320 --> 00:15:05,200
Speaker 1: by preventing price gouging on things like grocers or things

283
00:15:05,240 --> 00:15:08,160
Speaker 1: like insulin providers, a lot of that piggybacking on President

284
00:15:08,160 --> 00:15:10,720
Speaker 1: Biden's economic policy as well. Are there going to be

285
00:15:10,760 --> 00:15:12,960
Speaker 1: constraints on supply or if we go to the more

286
00:15:12,960 --> 00:15:15,880
Speaker 1: extreme constraints on capitalism, and that's the very critique that

287
00:15:15,960 --> 00:15:18,080
Speaker 1: President Donald Trump or former President Donal Trump is going

288
00:15:18,120 --> 00:15:20,160
Speaker 1: to be leaning into when it comes to those kind

289
00:15:20,200 --> 00:15:23,200
Speaker 1: of attacks, even though his own economic policy isn't quite

290
00:15:23,200 --> 00:15:24,600
Speaker 1: clear as well. So you want to look for hints

291
00:15:24,640 --> 00:15:28,320
Speaker 1: in terms of just how sustainable both sides are in

292
00:15:28,400 --> 00:15:32,160
Speaker 1: terms of really imposing and executing some of the policies

293
00:15:32,160 --> 00:15:33,920
Speaker 1: that they're actually talking about on the campaign trail.

294
00:15:35,480 --> 00:15:38,240
Speaker 2: This is Bloomberg Daybreak Europe, your morning brief on the

295
00:15:38,280 --> 00:15:41,360
Speaker 2: stories making news from London to Wall Street and beyond.

296
00:15:41,640 --> 00:15:45,600
Speaker 9: Look for us on your podcast feed every morning, on Apples, Spotify,

297
00:15:45,720 --> 00:15:47,640
Speaker 9: and anywhere else you get your podcasts.

298
00:15:47,680 --> 00:15:50,720
Speaker 2: You can also listen live each morning on London Dab Radio,

299
00:15:50,760 --> 00:15:53,440
Speaker 2: the Bloomberg Business app, and Bloomberg dot Com.

300
00:15:53,480 --> 00:15:56,280
Speaker 9: Our flagship New York station is also available on your

301
00:15:56,280 --> 00:16:01,000
Speaker 9: Amazon Alexa devices. Just say Alexa play Bloomberg eleven thirty.

302
00:16:01,240 --> 00:16:02,560
Speaker 9: I'm Caroline Hepka and.

303
00:16:02,480 --> 00:16:05,160
Speaker 2: I'm Stephen Carol. Join us again tomorrow morning for all

304
00:16:05,160 --> 00:16:07,600
Speaker 2: the news you need to start your day right here

305
00:16:07,640 --> 00:16:11,160
Speaker 2: on Bloomberg Daybreak Europe.